Skip to main content

Tips To Make Money Last Longer During an International Trip


If you are headed to foreign city, whether on a holiday or work, you are making your budget plans, and doing some number crunching, for sure. You are sure to be calculating your expenses for the trip, and wondering how much money to carry. Have you considered forex money exchange options? A multi currency forex card can be a great option to help you stay within your budget and work out your expenditure. If you have a forex card you may not have to look for money exchange locations as often as when you carry currency from your home country.
  • Budgeting is the first step toward making your money last longer. It also helps you understand what to prioritise and what not to, depending on your interests. You get an opportunity to focus on what you really want to do, and allocate funds for the same, and cut down on unnecessary expenditure.
  • Once you have charted out your budget plans, you should decide how much cash you are going to carry. You may lose track of your budget if you keep doling out cash. There are also limits on how much forex money exchange you can carry. You would need a combination of foreign exchange and other options like a multi currency forex card. So, head to one of the money exchange locations and keep some currency handy, but also make sure you spend currency only where necessary. Ensure that you use your forex card for all the big purchases. It is safer, easier and more convenient than all other options. Typically, the ratio of cash and forex card should be 20:80.
  • If you are looking at money exchange locations for your currency exchange needs, travel experts suggest that you avoid exchange kiosks in the airport, as they add extra fees or commissions that can be avoided if you get your forex from elsewhere. A government bank or a national post office is a good option to get foreign exchange at better rates than private banks. Avoid getting your foreign exchange in local markets or other tourist spots while abroad.
  •  
If you want to know other tips on How To Make Your Money Last Longer During an International Trip?, visit source blog.
Source: https://yourexpertguide.wordpress.com/2018/07/27/how-to-make-your-money-last-longer-during-an-international-trip/



Labels:

Comments

Post a Comment

Popular posts from this blog

What Are The Best Travel Money Options?

So, you are heading on a foreign trip and wondering what your travel money options are. Should you get a forex card , an ICICI bank travel card or just get enough foreign cash via currency exchange ? Should you opt for debit/credit cards or travellers’ cheques? So many questions keep going round in your head, and the whole thing can be quite daunting right? Not really, if you do some homework. Ideally, you should keep some spare cash but also get one of the forex cards for the bigger expenses. How about a HDFC forex card or an Axis bank forex card? You could pick one of them. A combination of various options is a good way to carry your money. First, let’s look at forex cards. Foreign exchange cards You can use your card to buy stuff at a mall or a market, spend on tickets, pay for your food at restaurants or order food/buy online. You can get in touch with your bank in your home country and load currency on to the card; this could be any of th...
Post a Comment
Read more

Benefits of Using a Travel Money Card Over Using Your Own Credit Card

Planning to travel overseas, and wondering what’s a better option, your credit card or a travel money card? You don’t have to keep rushing to money exchange locations for every transaction when you are abroad; instead carry a multi-currency forex card, especially if you are travelling to multiple countries, within Europe, for example. The options are plenty; you could carry a HDFC bank forex card, an ICICI bank forex card or an Axis bank multi-currency card. You don’t have to constantly worry about money exchange , and instead carry a small amount of foreign exchange from India. Read on for more on the benefits of using a travel money card over your credit card. One of the biggest benefits is that by getting a forex/travel card you are safe from the fluctuations in the currency value; the value of currency you are loading on that specific day will remain the same throughout your trip. This means you don’t have to constantly fret over changing...
Post a Comment
Read more

Pros and Cons of Forex Card Vs Debit Card Vs Cash

You have a foreign trip coming up and are unsure how to carry your money. Should you buy foreign currency notes, get a worldwide travel money card or head to a foreign cash exchange place once you land in your destination? How about a debit card Read on for more eon the pros and cons of each of these options. Worldwide travel money card or a forex card: This is one of the best options when you are travelling abroad. All you have to do is get a card from your bank or any bank that offers one. Most reputed banks in India offer these cards. The next step is to add funds to this card, making it a prepaid travel money card. It is secure and a good alternative to carrying cash, which is unsafe. Also, the pro of carrying a forex card is that you have a specific budget and you know exactly where your money/spending is. With cash, it becomes difficult to track spendings and you will have to match it with bills and receipts. With a forex card, you can also opt for travel ...
Post a Comment
Read more